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4665 TORRESDALE AVE Philadelphia, PA 19124
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Key Details
Sold Price $180,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,342 sqft
Price per Sqft $53
Subdivision Frankford
MLS Listing ID PAPH889668
Sold Date 08/31/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $1,881
Tax Year 2020
Lot Size 3,535 Sqft
Acres 0.08
Lot Dimensions 34.18 x 103.41
Property Description
Extremely Unique 2 parcel listing; 4665 Torresdale Ave & 2080R Margaret Street. This commercial property is situated on a busy corridor (Torresdale Avenue & Margaret Street) with easy access to I-95 North & South. The entryway to the 5 partitioned garages/warehouses is thru a 12 foot tall automatic roll up door. Inside of the property you will find 2 separated garages which could easily rent for $500-$600 per month each. In the rear of the property there are 2 more partitioned garages with office space & bathrooms in each, these two spaces would be ideal for any construction company or auto repair business, they would easily rent for $1,000-$1200 per month each. The 5th and largest unit is 2080R Margaret Street, this space has high ceilings, could fit about 10-12 cars and would rent for $1200-$1400 per month. All of the units have electric. This is a great investment/rental opportunity to lease 5 commercial units or a perfect space for a construction company or someone in the automotive industry looking to relocate. Total building square footage is 4,287 Sq. Ft, the total lot size is 4,480 Sq Ft Zoned CMX2. There are endless possibilities here, taxes are super low ($2946 for both properties). The cap rate on this deal is roughly 22-24%, a real money-maker ! Give me a call to schedule a private tour today !
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning CMX2
Interior
Hot Water None
Heating None
Cooling None
Flooring Concrete
Heat Source None
Exterior
Garage Spaces 31.0
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type Private Garage
Total Parking Spaces 31
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 884344790
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Conor T. Rodgers • BHHS Prime Real Estate